I got a Kindle for Christmas, a product which I love, but which is somewhat controversial at the moment as people are questioning the price point, as well as a number of other issues. I totally love it, I love the ease of ordering and downloading books, the portability, the cheapness of the books.
That last point got me thinking- the Kindle itself is expensive- $399, but the books available on it are discounted, so at what point will my Kindle “pay for itself” in savings on books?
So far I’ve purchased 13 books for my Kindle.
3 of those were books I already owned in paper form (The Great Gatsby and the scriptures), so their complete cost is a negative, as I wouldn’t have purchased them without the Kindle. (That’s -$11.93)
The other 10 books came to a total of $53.28. Retail for paper copies on Amazon comes to $123.04. (Full MSRP would be even more, but I order most books off of Amazon, so I’ll use their numbers to be more accurate.)
That gives me a savings of $69.76. Subtracting the $11.93 for books I wouldn’t have purchased leaves me a savings of $57.83. That’s pretty substantial for 3 months. If I continued this trend, the Kindle would pay for itself in a bit over a year and a half. (Did I figure that math right? I think I did.)
That’s all subject, of course, to which books I buy and how often. Classics are cheaper (around $3) but their paper versions are generally cheaper; whereas newer books are usually $9.99, and their paper versions can be as much as $24.99. So depending on what I’m buying, my savings could rack up really quickly. I’m going to keep track and see how it goes, although I fully admit this could only be interesting to me.